Postal or Sorting Assistants Model Paper 4 With Solutions

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Question : 17 of 100

Marks: +1, -0

Amount of simple interest accrued on an amount of? 28500 in seven years is ₹ 23940 what is the rate of interest % per annum?

10.5
12.5
11
12

Solution:

(d) P = ₹

28500

SI =

23940

T = 7 years
R = ?

R={23940x100}/{28500x7}=12%

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